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Retrospective Taxation

Comment 7th July 2010

I have completed a self assessment tax form every year with full disclosure of all information. HMRC ignored the information for 7 years and are currently trying to get tax law changed retrospectively back to 1987 so that I will have additional taxes to pay.

This does not seem fair to me.   

Why does this matter?

Any business needs to have confidence in the tax law and can only work with information current at the time. 

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